For the first time, the price of gold soared to a record high of $1,700 an ounce in Hong Kong. Gold prices are up 21 percent so far this year. The price of silver also rose, and was up more than 5 percent on the Asian markets. Investors flee to the safety of these commodities when they're nervous about currencies.
Debt Downgrade Moves Investors To Precious Metals
News & Features National Public Radio · NPR ·